Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.08 | 1.13% |
| Return on Equity (%) | ▲ | 9.16% | +0.24 | 8.92% |
| Net Interest Margin (%) | ▲ | 5.12% | +0.15 | 4.97% |
| Efficiency Ratio (%) | ▲ | 69.29% | -1.16 | 70.45% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.18 | $1 |
| Cost of Funds (%) | ▲ | 1.31% | -0.16 | 1.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $366 | +24.75 | $341 |
| Gross Loans ($M) | ▲ | $312 | +19.03 | $293 |
| Loan Growth YoY (%) | ▼ | 106.38% | -0.55 | 106.92% |
| Total Deposits ($M) | ▲ | $292 | +19.15 | $273 |
| Shareholders Equity ($M) | ▲ | $49 | +5.44 | $44 |
| Tang. Book Value ($M) | ▲ | $49 | +5.44 | $44 |
| Loan / Deposit Ratio (%) | ▼ | 106.38% | -0.55 | 106.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.70% | +0.26 | 0.44% |
| Allowance / Loans (%) | — | 0.44% | 0.02% | 0.42% |
| Net Charge-Off Ratio (%) | ▼ | 0.81% | +0.31 | 0.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 23.54% | +0.63 | 22.91% |
Noninterest income ($0.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇███ | Net Interest Margin (%) | 4.70% | 4.77% | 4.81% | 4.97% | 5.03% | 5.10% | 5.09% | 5.12% |
| ▁▂▁▅█▇▅▇ | Return on Assets (%) | 0.95% | 0.97% | 0.93% | 1.13% | 1.27% | 1.22% | 1.13% | 1.22% |
| █▇█▃▁▂▅▂ | Efficiency Ratio (%) | 75.1% | 74.7% | 75.7% | 70.4% | 68.1% | 69.8% | 71.9% | 69.3% |
| ▂▅█▇▃▂▃▁ | Cost of Funds (%) | 1.34% | 1.43% | 1.50% | 1.47% | 1.38% | 1.34% | 1.38% | 1.31% |
| ▁▂▄▃▆▆▇█ | NPA / Assets (%) | 0.29% | 0.38% | 0.47% | 0.44% | 0.56% | 0.55% | 0.62% | 0.70% |
| ▁▂▄▄▆▆▇█ | Net Charge-Off Ratio (%) | 0.30% | 0.41% | 0.50% | 0.50% | 0.64% | 0.62% | 0.69% | 0.81% |
| ▁▁▃▃▅▆▇█ | Tang. Book Value ($M) | $41 | $42 | $43 | $44 | $45 | $46 | $48 | $49 |
| ▁▂▄▄▅▇██ | Gross Loans ($M) | $279 | $287 | $292 | $293 | $296 | $305 | $310 | $312 |
| ▁▁▂▄▆▆██ | Total Deposits ($M) | $260 | $257 | $262 | $273 | $283 | $281 | $289 | $292 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 4% |